Science Applications International Corporation (NYSE:SAIC) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

A number of other brokerages have also issued reports on SAIC. Wells Fargo & Company raised Science Applications International Corporation from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Wednesday, October 25th. Zacks Investment Research lowered Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Citigroup Inc raised Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 target price on shares of Science Applications International Corporation in a research report on Tuesday, October 24th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $93.00 target price on shares of Science Applications International Corporation in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Science Applications International Corporation has an average rating of “Hold” and an average target price of $81.25.

Science Applications International Corporation (SAIC) traded down $2.19 during trading on Friday, hitting $70.67. The stock had a trading volume of 212,032 shares, compared to its average volume of 322,255. Science Applications International Corporation has a 12 month low of $60.21 and a 12 month high of $89.87. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.41 and a quick ratio of 1.23. The firm has a market cap of $3.06 billion, a PE ratio of 19.53, a P/E/G ratio of 4.04 and a beta of 1.63.

Science Applications International Corporation (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.85 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts anticipate that Science Applications International Corporation will post 3.55 earnings per share for the current year.

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In other Science Applications International Corporation news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total transaction of $1,292,452.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.94% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Creative Planning increased its holdings in shares of Science Applications International Corporation by 0.3% during the 2nd quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock worth $1,153,000 after acquiring an additional 51 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Science Applications International Corporation by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock worth $1,277,000 after acquiring an additional 100 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Science Applications International Corporation by 3.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,521 shares of the information technology services provider’s stock worth $244,000 after acquiring an additional 119 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Science Applications International Corporation by 4.6% during the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after acquiring an additional 128 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Science Applications International Corporation by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,672 shares of the information technology services provider’s stock worth $1,227,000 after acquiring an additional 136 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Corporation Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

Analyst Recommendations for Science Applications International Corporation (NYSE:SAIC)

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